Practice Areas: Finance

Type: Abreu News

Abreu Advogados advises Payten on the acquisition of a qualifying holding in Ifthenpay

Abreu Advogados advised Payten, an international provider of solutions for the payment sector, on the acquisition of a qualifying holding in Ifthenpay, one of the main digital payment service providers in Portugal.

The firm advised Payten on the procedure with the Bank of Portugal for the authorization to acquire a qualifying holding in the Portuguese payment service provider and on the negotiations and drafting of the contract to conclude the transaction.

The Abreu Advogados team advising Payten was led by Diogo Pereira Duarte, partner and coordinator of Abreu Advogados’ Financial Law practice area, and was supported by Isabel Pinheiro Torres, associated partner, Rafael Silva Teopisto, associate, João Diogo Barbosa, trainee lawyer, and Mafalda Santos Cordeiro, trainee lawyer.

Payten is a member of the ASEE Group and provides complete payment solutions for financial institutions and merchants. Payten’s offering includes solutions for e-commerce, mobile payments, processing, as well as ATM and POS-related services. Payten offers a variety of online payment options for merchants in 24 countries in a secure PCI-DSS environment, including virtual POS, fast checkout, one-click payment, card tokenization, smart payment routing and online payment with multiple banks.